Eight emerging market (EM) economies, including the Philippines, are likely to suffer the severe effects of El Niño, S&P Global Ratings projected, warning that below-average rainfall could significantly affect water and electricity supply, as well as rice and corn production. “Drought conditions...
Foreign Affairs Secretary Ma. Theresa P. Lazaro reaffirmed that the Department of Foreign Affairs (DFA) remains the primary agency responsible for implementing President Ferdinand Marcos Jr. 's foreign policy, stressing that the Philippines must "speak with one voice" in its engagement with...
The Gokongwei Group’s real estate arm, Robinsons Land Corp. (RLC), is injecting six malls worth ₱10.6 billion into its real estate investment trust, RL Commercial REIT, Inc. (RCR), via its next wave of asset-for-share swaps. In a disclosure to the Philippine Stock Exchange (PSE), RCR said its...
With Mynt-GCash racing to become the first Philippine financial technology (fintech) initial public offering (IPO) to raise $1 billion and sister company Vitro Inc. also seeking approval for a ₱24-billion real estate investment trust (REIT) stock market debut, market experts are weighing whether...
China Bank Savings Inc., the thrift retail banking arm of Sy-led China Banking Corp., plans to push forward with its brick-and-mortar expansion, leaning on wider consumer margins to buffer against persistent inflation and elevated global interest rates. James Christian Dee, CBS president, said the...
BINI member Aiah Arceta has addressed speculation linking her to actor and singer Kyle Echarri. Rumors surfaced after a TikTok video showed Aiah and Kyle at Mactan-Cebu International Airport. The buzz grew further when photos circulated online showing Kyle joining Aiah and several companions during...
Philippine manufacturing activity returned to growth in May as output and new orders recovered, but factories continued to shed jobs while cost pressures intensified amid supply-chain disruptions and the prolonged war in the Middle East, S&P Global said. In a report on Monday, June 1, S&P Global...
As part of the Philippine government’s efforts to strengthen economic collaboration with Japan, the Ayala Group has signed a series of strategic memoranda of understanding (MOUs) with leading Japanese partners Mitsubishi Corp., Mitsubishi UFJ Financial Group (MUFG), and KDDI Corp. In a statement...
Security Bank Corp. has appointed Executive Vice President (EVP) John David “JD” Yap as the bank’s new chief financial officer (CFO), effective June 13, 2026, replacing Allen Alexander P. Reyes, who is retiring for personal reasons. In a disclosure to the Philippine Stock Exchange (PSE) on...
RL Commercial REIT Corp. (RCR), the real estate investment trust backed by developer Robinsons Land Corp. (RLC), is planning up to two tranches of property injections this year as it shifts its portfolio growth toward steady-yielding retail assets. Kerwin Max S. Tan, chief financial officer of both...
The Quezon City Police District (QCPD) is tracking three motorcycle riders who were allegedly involved in a hit-and-run incident at the corner C.P. Garcia Avenue and Masinsinan Street in Barangay UP Campus, Quezon City, at 3:51 a.m. on May 16. Initial investigation showed that the 58-year-old...
Planned initial public offering (IPO) of Mynt, the digital fintech heavyweight backed by Ayala Corp. and Alibaba affiliate Ant Group, will likely look past its initial July target as the company awaits a regulatory overhaul from local bourse officials. While the operator of the ubiquitous GCash...
